Jul 24 1971
From The Space Library
President Nixon issued statement supporting legislation before Congress to provide emergency loan guarantees for major business enterprises confronted with temporary financial stringencies : "The ad-ministration originally sought legislation only to help the Lockheed Aircraft Corporation. That support is still needed very badly. But I have instructed Secretary of the Treasury Connally . . . to accept the broader legislation. It would be most useful in providing a systematic procedure for helping any major business enterprise with temporary financial problems whose failure would adversely affect the economy of the Nation or a region thereof." (PD, 7/26/71, 1078)
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